Formula Systems 1985 Ltd
formulasystems.comWhat Do They Do?
Provides IT services, software, and technology solutions through subsidiaries to businesses and public-sector organizations.
20-F for FY2025, filed May 13, 2026
Who Are Their Customers?
Michpal serves small and medium-sized businesses, large enterprises, government entities, financial institutions, payroll service providers, and professional firms. A subsidiary provides payroll systems and related services to the Israeli Ministry of Education under a long-term engagement.
20-F for FY2025, filed May 13, 2026
Do Revenues Turn Into Profits?
Yes. It kept 25 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed May 13, 2026
How Are They Changing?
Broader investment scope
The older report framed new investments around IT services and proprietary software; the latest says it may pursue new areas outside the existing portfolio, including new markets, technologies, or service offerings.
20-F for FY2022, filed May 15, 2023 20-F for FY2025, filed May 13, 2026We have adopted a strategy of seeking to create positive economic impact and long-term value for our shareholders and the companies we…View ↗
We have adopted a strategy focused on creating long-term value for our shareholders and the companies in which we invest. This strategy…View ↗
Who Do They Compete With?
Competes with Hilan, Malam-Team, One1, Aman, Elad, Yael, Emet Computing, Amnet, Abra, SQLink, Log-on, HMS, SpeedValue, Kyndryl, IBM Israel, AllCloud, DoIT, Getter, Yazamco, and Mafil
20-F for FY2025, filed May 13, 2026In the Israeli market, the principal competitors of Matrix and Magic Software include IT services companies and system integrators such as…View ↗
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